An investor is examining exchange rates

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An investor is examining exchange rates in London and New York. For simplicity, all rates are quoted versus the U.S. dollar. In New York: the euro rate is $1.25 and the Yen rate is 110 Yen. In London: the euro rate is $1.20 and the Yen rate is 105 Yen. If you were looking to buy euro, where would you buy it?

Reference no: EM131530502

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